Overview

* Atlanta Braves ( BATRA ) Q2 total revenue grows 10% yr/yr to $312 mln

* Adjusted OIBDA for Q2 rises 44%, indicating strong operational performance

* Baseball revenue up 8% driven by broadcasting and event growth

Result Drivers

* BROADCASTING REVENUE - Increased streaming rights and contractual rate hikes boosted baseball broadcasting revenue

* MIXED-USE DEVELOPMENT - Revenue growth driven by new leases and acquisitions, despite some lease terminations

* EVENT REVENUE - Contractual rate increases on tickets and sponsorships offset by reduced concession revenue due to lower attendance

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 $287.32

Baseball mln

Revenue

Q2 $65.70

Adjusted mln

OIBDA

Q2 $41.79

Operatin mln

g Income

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)